Silver Movement
For the 24 hours to 23:00 GMT, Silver rose 0.54% against the USD and closed at USD15.71 per ounce.
In the Asian session, at GMT0400, the pair is trading at 15.70, with silver trading 0.06% lower against the USD from yesterday’s close.
The pair is expected to find support at 15.59, and a fall through could take it to the next support level of 15.49. The pair is expected to find its first resistance at 15.77, and a rise through could take it to the next resistance level of 15.85.
The white metal is showing convergence with its 20 Hr and 50 Hr moving averages.
